PMI certification preparation
PFMP Practice Questions
Practice exam-style questions, check your answers, and review explanations and source references where they are available.
- Exam
- PFMP
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- PMI
- Full set
- 490 questions
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Our PFMP exam simulator covers all the critical knowledge points of the real exam. We provide the latest actual PFMP exam questions and answers right here at Cert Mage. With our included answer explanations and comprehensive PFMP question bank, you will find everything you need to prepare and achieve the best score on your exam easily and quickly.
For years, your aerospace company has been a leader in the development of sophisticated avionic
hardware systems around the world. The executives want to continue with this well-recognized
product line, but also they decided it is time to move into state-of-the art software to complement
the hardware products. You have been asked to assess whether there are skill set limitations in the
company to assess resource capacity internally. To do so, you decide to:
Question 1 discussion
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While managing the portfolio value, it is important to know the different roles of responsibilities and
accountabilities for the actual benefits realization in order to be able to aggregate the correct value
from different components; in which document are these roles and responsibilities mentioned?
Question 2 discussion
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Portfolio Governance Model is developed as part of the Portfolio management plan and defines the
way the organizational assets and resources are planned to be managed within the portfolio
according to the specific environment of the organization. Which of the following is correct regarding
the Governance Model purpose and content?
Question 3 discussion
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In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision
making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These
methods are performed in 4 of the portfolio management processes and serve a slightly different
purpose in each and every one of them. Considering that you are currently working to ensure
resource capacity is optimally allocated against resource requirements or demand based on known
organizational priorities and potential value, how can you make use of the quantitative and
qualitative analysis?
Question 4 discussion
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You have scored the portfolio components and are analyzing the data in order to prioritize the
components. Using the following scoring table, which of the options represents the correct
Components Priority? Taking into consideration that the costs for each component is Component A:
10 K USD, Component B: 15 K USD, Component C: 16 K USD, Component D: 13 K USD and
Component E: 11 K USD; The budget for this portfolio is a fixed one of 40 k USD
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Question 5 discussion
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Some of your Stakeholders reported to you that they are not receiving status reports and other
regular information on the Portfolio progress. This has caused a big issue with the governance board
and they requested an immediate resolution. You have already analyzed the stakeholders and
prepared the communication matrix; what is your best course of action in this case?
Question 6 discussion
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A portfolio manager needs to continuously balance the need and requirements with the available
resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize
delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes
and it serves a slightly different purpose in each and every one of them. When it relates to managing
the supply and demand , what is the purpose of using this analysis?
Question 7 discussion
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When we talk about portfolios, programs and projects, it is inevitable to mention the business value
which is the sum of tangible and intangible assets of an organization, also known as the net
quantifiable benefit. When it comes to business value, at which level of the organization is the
Business Value achieved?
Question 8 discussion
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Companies adopt project, program and portfolio management practices to enable the realization of
business value and the achievement of strategies and objectives. In order to advance the
organizational capability and facilitate the alignment of these practices, the company should (choose
the best answer)
Question 9 discussion
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A key role for portfolio management is to balance the use of resources following the need against the
existing skill-set. One of the component managers told you that an important SME on his program is
traveling and there is no replacement for her. This will cause a major delay in the program. What is
your first step as a portfolio manager?
Question 10 discussion
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Question 1 of 10
Source context
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